Quarterly Review
The Quarterly Review Data Hub shows data on mortgage and housing market developments on a more frequent, quarterly, and annual basis. This data set is based on a country sample covering around 95% of the total outstanding mortgage lending in the EU27 and the UK.
Files
European Mortgage Markets Quarterly Review – Q2 2012
In Q2 2012, outstanding mortgage lending contracted again y-o-y in Hungary, Ireland, Portugal and Spain, partly caused by noticeable real GDP recession. Outstanding mortgage lending continued to grow slowly y-o-y in Denmark, Germany, the Netherlands and the UK, while it kept a steady pace in Belgium, France, Poland, Romania and Sweden. As regards gross lending, the total amount granted in Q2 2012 decreased y-o-y in most markets, in line with previous quarters. Once put into historical context, the amount of gross lending remained on an upward trend since Q1 2008 in Belgium, Denmark, France, and Sweden, while it was on a clearly downward path in the same period, in Hungary, Ireland, Portugal, Spain and the UK.
European Mortgage Markets Quarterly Review – Q1 2012
The unfavourable macroeconomic environment continued to negatively affect new mortgage lending in Q1 2012, with a year-on-year decrease in new lending for at least three consecutive quarters in Belgium, France, Ireland, Italy, Portugal, Spain and Sweden. Housing markets’ conditions remained divergent across the EU. Whilst year-on-year house prices continued to increase in Belgium, France and Germany, decreasing house prices were still recorded in Denmark, Hungary, Ireland, Poland, Portugal, Romania, Spain and Sweden. In the UK, the prices posted their first increase since Q1 2011. In Q1 2012, the numbers of building permits and housing completions fell to historical lows in several countries. Mortgage interest rates in the EU recorded small movements in Q1 2012, as a result of moderate monetary policy easing.